ClearOne (NASDAQ:CLRO) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

ClearOne, Inc. (NASDAQ:CLRO) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.66 and traded as low as $3.11. ClearOne shares last traded at $3.3280, with a volume of 7,990 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

ClearOne Trading Up 5.3%

The business has a 50-day moving average price of $3.27 and a 200 day moving average price of $4.66. The company has a market cap of $8.92 million, a price-to-earnings ratio of -0.97 and a beta of 0.14.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings data on Friday, May 15th. The communications equipment provider reported ($0.18) EPS for the quarter.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC lifted its stake in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the quarter. DRW Securities LLC owned 1.34% of ClearOne worth $153,000 as of its most recent filing with the Securities & Exchange Commission. 9.58% of the stock is currently owned by hedge funds and other institutional investors.

ClearOne Company Profile

ClearOne (NASDAQ:CLRO) is a global provider of audio and visual communication solutions designed for conferencing, collaboration and streaming applications. Headquartered in Salt Lake City, Utah, the company develops hardware and software systems that integrate audio capture, video processing and digital signage. Its product portfolio spans professional-grade conference speakers and microphones, beamforming ceiling arrays, USB and networked video cameras, and cloud-based collaboration platforms.

At the core of ClearOne’s offering are its conferencing devices, which support both on-premises and cloud deployments.